During my previous residence here (1984-2001) we used to joke that the PFD checks paid for our obligatory visits to visit family back on the East Coast. Now that I’m on a tighter budget, I’m going to follow the sage advice of Liz Weston: Keep 10 percent for whatever you want, and send the rest where it can do some good.
In my case that means 90 percent will wind up in my Roth IRA. The rest? We’ll see.
How much money are we talking? The ballpark estimate for 2014 is $1,800. That’s a lot of money just for staying put.